On June 2, Nu Holdings fell 9.66% in regular trading, trading at $12.105/share, with trading volume of $346 million, significantly underperforming the broader Diversified Banks sector.

On the news front, Nu Holdings announced that Visa North America CFO Rob Livingston, a former Capital One executive, will succeed Guilherme Lago as CFO effective July 13. Lago, who played a pivotal role in overseeing Nubank's NYSE listing in 2021, will transition to a special adviser role on the management team and the company's audit and risk committees. The departure of a key executive who guided the company through its landmark public offering raised investor concerns over strategic continuity.

The new CFO will be based in the United States, where Nu Holdings earlier received conditional approval to establish a bank, signaling an aggressive push into the US market. Within the Diversified Banks sector, peers moved higher on the session, with Bank of America up 1.82%, Wells Fargo up 1.71%, Citigroup up 1.70%, PNC Financial Services up 1.27%, and JPMorgan Chase up 0.76%, underscoring the stock-specific nature of the selloff.

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